Heavy Buying: This Multibagger Company Expands into Telecom Equipment Manufacturing in Collaboration with Tejas Networks, Hit 52-Week High Today!
The company’s shares have delivered an impressive return of around 100 per cent to its shareholders in the past 3 months.
Optiemus Infracom Ltd, a prominent distributor of mobile handsets from renowned brands like Nokia and Samsung for the past 25 years, has announced its entry into telecom equipment manufacturing.
The group, which began distributing Nokia handsets in Delhi’s General Trade market in 1995, is now expanding its operations as India advances in its telecom and electronics manufacturing sector. In line with the Hon'ble Prime Minister's vision for an Atmanirbhar Bharat, Optiemus Infracom Ltd is collaborating with Tejas Networks as a manufacturing partner to produce a range of telecom equipment, including 4G Base Band Units, Remote Radio Heads, ONT/ONU devices, and broadband switches and routers. These products will be manufactured at Optiemus’s state-of-the-art facility in Noida.
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Tejas Networks, a highly regarded Indian company known for its expertise in designing and manufacturing telecom and networking products, has established itself as a trusted partner in the Indian telecom ecosystem over the past decade.
On Tuesday, the shares of Optiemus Infracom Ltd closed at around Rs 565.85 per share on the BSE. The company’s current market capitalization stands at Rs 4858 crore. Additionally, the shares have delivered a multibagger return of over 120 per cent in the past 1 year.
As per the Quarterly Results, in the Q1 FY25, Optiemus Infracom recorded a revenue of Rs 493 crore compared to Rs 282 crore. The operating profit stood at Rs 23 crore. The net profit stood at Rs 12 crore compared to a profit of Rs 9 crore. Looking at the annual performance, the company generated a revenue of Rs 1528 crore in FY24. The operating profit for FY24 was Rs 79 crore with a net profit of Rs 57 crore compared to a net profit of Rs 42 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.